Saturday, 3 September 2016

It is not our government or our employer's job to secure our sustainable income for life!

Never!

It is we and ourselves to secure our own retirement.

We have to get our hand dirty to do it.

At recent corporate event; few of Uncle8888's past colleagues thought that his three children are all working and self-independent so that he can choose to retire @ 60.

But, when he told them that only two were working and self-independent and his last son has just started his first year University study this year. Uncle8888 could see the expression of their face turning into some sign of unbelievable so he has to further explain that his endowment policy matured in March this year and his family doesn't need this sum of money from insurance for survival anymore. This sum of insurance money is re-deployed from family survival to his youngest son's University educational fund.

In another word; it is as good as all his three children are financially self-independent and has very little drag on him.

Currently; his monthly household expenses tracking and recording exclude his youngest son's personal living and university education expenses. It is tracked separately.

Ha! Ha!Grasshoppers can not calculate to the last decimal digit in Financial planning or counting their assets and cash flow to the very end.But they always have a grasp of macro picture of things to know whether they can survive how many future winters.And because they use fuzzy logic more, they always tend to be more 4 Ks in everything.Including more frugal or less spendthrift.So in the end they have more not less.

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About Me

I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Cheers!
Last updated: 3 Sep 2017

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